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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and PREFORMED LINE PRODUCTS CO (PLPC). Click either name above to swap in a different company.

PREFORMED LINE PRODUCTS CO is the larger business by last-quarter revenue ($173.1M vs $89.5M, roughly 1.9× Commerce.com, Inc.). PREFORMED LINE PRODUCTS CO runs the higher net margin — 4.9% vs -9.3%, a 14.2% gap on every dollar of revenue. On growth, PREFORMED LINE PRODUCTS CO posted the faster year-over-year revenue change (3.6% vs 2.9%). PREFORMED LINE PRODUCTS CO produced more free cash flow last quarter ($11.8M vs $-2.2M). Over the past eight quarters, PREFORMED LINE PRODUCTS CO's revenue compounded faster (10.8% CAGR vs 5.5%).

SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.

Preformed Line Products Co (PLPC) designs, manufactures and supplies engineered hardware for power transmission, telecommunications, and renewable energy infrastructure sectors. It serves utility, network operator and industrial customers across global regions, offering solutions that boost network reliability and operational efficiency.

CMRC vs PLPC — Head-to-Head

Bigger by revenue
PLPC
PLPC
1.9× larger
PLPC
$173.1M
$89.5M
CMRC
Growing faster (revenue YoY)
PLPC
PLPC
+0.7% gap
PLPC
3.6%
2.9%
CMRC
Higher net margin
PLPC
PLPC
14.2% more per $
PLPC
4.9%
-9.3%
CMRC
More free cash flow
PLPC
PLPC
$14.0M more FCF
PLPC
$11.8M
$-2.2M
CMRC
Faster 2-yr revenue CAGR
PLPC
PLPC
Annualised
PLPC
10.8%
5.5%
CMRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMRC
CMRC
PLPC
PLPC
Revenue
$89.5M
$173.1M
Net Profit
$-8.4M
$8.4M
Gross Margin
78.3%
29.8%
Operating Margin
-7.4%
6.8%
Net Margin
-9.3%
4.9%
Revenue YoY
2.9%
3.6%
Net Profit YoY
-250.0%
-19.3%
EPS (diluted)
$-0.11
$1.72

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMRC
CMRC
PLPC
PLPC
Q4 25
$89.5M
$173.1M
Q3 25
$86.0M
$178.1M
Q2 25
$84.4M
$169.6M
Q1 25
$82.4M
$148.5M
Q4 24
$87.0M
$167.1M
Q3 24
$83.7M
$147.0M
Q2 24
$81.8M
$138.7M
Q1 24
$80.4M
$140.9M
Net Profit
CMRC
CMRC
PLPC
PLPC
Q4 25
$-8.4M
$8.4M
Q3 25
$-2.2M
$2.6M
Q2 25
$-8.4M
$12.7M
Q1 25
$-353.0K
$11.5M
Q4 24
$-2.4M
$10.5M
Q3 24
$-7.0M
$7.7M
Q2 24
$-11.3M
$9.4M
Q1 24
$-6.4M
$9.6M
Gross Margin
CMRC
CMRC
PLPC
PLPC
Q4 25
78.3%
29.8%
Q3 25
78.4%
29.7%
Q2 25
79.0%
32.7%
Q1 25
79.4%
32.8%
Q4 24
77.6%
33.3%
Q3 24
76.3%
31.1%
Q2 24
75.8%
31.9%
Q1 24
77.1%
31.3%
Operating Margin
CMRC
CMRC
PLPC
PLPC
Q4 25
-7.4%
6.8%
Q3 25
-0.5%
7.4%
Q2 25
-8.0%
10.1%
Q1 25
-2.9%
8.8%
Q4 24
-0.9%
10.5%
Q3 24
-23.0%
7.1%
Q2 24
-16.5%
8.1%
Q1 24
-10.2%
8.2%
Net Margin
CMRC
CMRC
PLPC
PLPC
Q4 25
-9.3%
4.9%
Q3 25
-2.6%
1.5%
Q2 25
-9.9%
7.5%
Q1 25
-0.4%
7.8%
Q4 24
-2.7%
6.3%
Q3 24
-8.4%
5.2%
Q2 24
-13.8%
6.8%
Q1 24
-8.0%
6.8%
EPS (diluted)
CMRC
CMRC
PLPC
PLPC
Q4 25
$-0.11
$1.72
Q3 25
$-0.03
$0.53
Q2 25
$-0.10
$2.56
Q1 25
$0.00
$2.33
Q4 24
$-0.03
$2.13
Q3 24
$-0.09
$1.54
Q2 24
$-0.15
$1.89
Q1 24
$-0.08
$1.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMRC
CMRC
PLPC
PLPC
Cash + ST InvestmentsLiquidity on hand
$141.1M
Total DebtLower is stronger
$157.0M
$38.3M
Stockholders' EquityBook value
$39.4M
$475.5M
Total Assets
$308.8M
$653.6M
Debt / EquityLower = less leverage
3.99×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMRC
CMRC
PLPC
PLPC
Q4 25
$141.1M
Q3 25
$142.0M
Q2 25
$134.5M
Q1 25
$120.7M
Q4 24
$178.2M
Q3 24
$168.4M
Q2 24
$275.8M
Q1 24
$265.2M
Total Debt
CMRC
CMRC
PLPC
PLPC
Q4 25
$157.0M
$38.3M
Q3 25
$157.3M
$36.0M
Q2 25
$157.5M
$31.8M
Q1 25
$157.8M
$29.1M
Q4 24
$216.5M
$20.8M
Q3 24
$27.2M
Q2 24
$340.9M
$31.6M
Q1 24
$340.5M
$55.0M
Stockholders' Equity
CMRC
CMRC
PLPC
PLPC
Q4 25
$39.4M
$475.5M
Q3 25
$42.8M
$466.3M
Q2 25
$38.8M
$460.7M
Q1 25
$38.1M
$435.8M
Q4 24
$33.4M
$422.3M
Q3 24
$29.0M
$429.0M
Q2 24
$26.1M
$416.2M
Q1 24
$26.9M
$413.4M
Total Assets
CMRC
CMRC
PLPC
PLPC
Q4 25
$308.8M
$653.6M
Q3 25
$309.5M
$644.6M
Q2 25
$302.5M
$631.5M
Q1 25
$286.3M
$592.5M
Q4 24
$340.3M
$573.9M
Q3 24
$335.1M
$592.0M
Q2 24
$452.5M
$572.6M
Q1 24
$442.5M
$586.1M
Debt / Equity
CMRC
CMRC
PLPC
PLPC
Q4 25
3.99×
0.08×
Q3 25
3.67×
0.08×
Q2 25
4.06×
0.07×
Q1 25
4.14×
0.07×
Q4 24
6.49×
0.05×
Q3 24
0.06×
Q2 24
13.06×
0.08×
Q1 24
12.65×
0.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMRC
CMRC
PLPC
PLPC
Operating Cash FlowLast quarter
$980.0K
$21.9M
Free Cash FlowOCF − Capex
$-2.2M
$11.8M
FCF MarginFCF / Revenue
-2.4%
6.8%
Capex IntensityCapex / Revenue
3.5%
5.9%
Cash ConversionOCF / Net Profit
2.60×
TTM Free Cash FlowTrailing 4 quarters
$16.9M
$33.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMRC
CMRC
PLPC
PLPC
Q4 25
$980.0K
$21.9M
Q3 25
$10.6M
$18.9M
Q2 25
$13.6M
$26.9M
Q1 25
$401.0K
$5.7M
Q4 24
$12.4M
$24.1M
Q3 24
$5.6M
$9.4M
Q2 24
$11.7M
$28.3M
Q1 24
$-3.4M
$5.8M
Free Cash Flow
CMRC
CMRC
PLPC
PLPC
Q4 25
$-2.2M
$11.8M
Q3 25
$7.6M
$8.3M
Q2 25
$11.9M
$18.6M
Q1 25
$-424.0K
$-5.3M
Q4 24
$11.6M
$20.6M
Q3 24
$4.5M
$5.8M
Q2 24
$10.7M
$24.6M
Q1 24
$-4.2M
$1.8M
FCF Margin
CMRC
CMRC
PLPC
PLPC
Q4 25
-2.4%
6.8%
Q3 25
8.8%
4.7%
Q2 25
14.1%
10.9%
Q1 25
-0.5%
-3.6%
Q4 24
13.3%
12.3%
Q3 24
5.4%
3.9%
Q2 24
13.0%
17.7%
Q1 24
-5.3%
1.3%
Capex Intensity
CMRC
CMRC
PLPC
PLPC
Q4 25
3.5%
5.9%
Q3 25
3.4%
6.0%
Q2 25
2.0%
4.9%
Q1 25
1.0%
7.4%
Q4 24
0.9%
2.1%
Q3 24
1.3%
2.4%
Q2 24
1.3%
2.7%
Q1 24
1.0%
2.8%
Cash Conversion
CMRC
CMRC
PLPC
PLPC
Q4 25
2.60×
Q3 25
7.21×
Q2 25
2.12×
Q1 25
0.49×
Q4 24
2.30×
Q3 24
1.22×
Q2 24
3.02×
Q1 24
0.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMRC
CMRC

Subscription And Circulation$65.2M73%
Partner And Services$24.4M27%

PLPC
PLPC

Segment breakdown not available.

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